Friday, February 20, 2009

Morning Review 02/20/09

Typically, when there is a large gap opening, the market will close at least 50% of that gap. And then, if the European market had a strong bearish sentiment in their morning trading, and lacking any news to change that sentiment, they will probably have a bearish sentiment going into their close. And that is exactly what happened today.

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Favorite Quotes

" I never blame myself when I'm not hitting. I just blame the bat and if it keeps up, I change bats. After all, if I know it isn't my fault that I'm not hitting, how can I get mad at myself?"Yogi Berra

"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!"Reminiscences of a Stock Operator by Edwin LeFevre

"Creative persons differ from one another in a variety of ways, but in one respect they are unanimous: They all love what they do. It is not the hope of achieving fame or making money that drives them; rather, it is the opportunity to do the work that they enjoy doing."Creativity by Mihaly Csikszentmihalyi

"Be very, very careful what you put into that head, because you will never, ever get it out."Thomas Cardinal Wolsey

"I haven't trusted polls since I read that 62% of women had affairs during their lunch hour. I've never met a woman in my life who would give up lunch for sex."Erma Bombeck